The XRP cryptocurrency rode a wave of good news from the Securities and Exchange Commission to a record high on July 18.

XRP ( XRP -2.09% ) was created by a company called Ripple. The cryptocurrency is designed to standardize transactions within the Ripple Payments network, which makes it faster and more affordable for banks to send money across borders. But more on that later.

XRP was one of the best-performing cryptocurrencies last year, soaring by a whopping 235%. It has carried much of that momentum into 2025 with a further gain of 35% so far, and it recently set a new all-time high of $3.84, finally breaking its previous record from 2018.

The crypto industry has the wind at its back thanks to a drastic shift in the U.S. regulatory environment, and a series of friendly polici

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